Wallaroo is a smaller suburb in South Australia within the Copper Coast local government area (postcode 5556). With a population of 3,699, the suburb has an older demographic with a median age of 57. Households earn a median income of $46K per year, with an average household size of 2.1 people. The most common occupations are community & personal service, labourers, technicians & trades. The top ancestries reported are Australian, English, Scottish.
Units have a median price of $325,000 (+6.6% YoY). The current median weekly rent is $360. This gives a gross rental yield of approximately 5.8%. The median monthly mortgage repayment is $1,169.
Wallaroo is served by 2 schools, including 1 primary, 1 combined. The average ICSEA score is 916, which is below the national average of 1,000. Healthcare facilities include 1 public hospital. The crime rate in the Copper Coast LGA is moderate at 7,191 incidents per 100,000 population.
From an investment perspective, Wallaroo offers a gross rental yield of 5.8%, rated as high yield. Property prices sit below the state median ($325K/$950K), suggesting a potential value opportunity. The price-to-income ratio of 7.0x is considered moderate. House prices have moved +6.6% year-on-year.
Wallaroo is a smaller suburb in South Australia within the Copper Coast local government area (postcode 5556). With a population of 3,699, the suburb has an older demographic with a median age of 57. Households earn a median income of $46K per year, with an average household size of 2.1 people. The most common occupations are community & personal service, labourers, technicians & trades. The top ancestries reported are Australian, English, Scottish.
Units have a median price of $325,000 (+6.6% YoY). The current median weekly rent is $360. This gives a gross rental yield of approximately 5.8%. The median monthly mortgage repayment is $1,169.
Wallaroo is served by 2 schools, including 1 primary, 1 combined. The average ICSEA score is 916, which is below the national average of 1,000. Healthcare facilities include 1 public hospital. The crime rate in the Copper Coast LGA is moderate at 7,191 incidents per 100,000 population.
From an investment perspective, Wallaroo offers a gross rental yield of 5.8%, rated as high yield. Property prices sit below the state median ($325K/$950K), suggesting a potential value opportunity. The price-to-income ratio of 7.0x is considered moderate. House prices have moved +6.6% year-on-year.